Disney has set out its plans to transform its core businesses and is taking its time to take the necessary steps to transform.
Disney Chief Executive Officer Bob Iger announced the company is now taking a “slow-motion approach” to its business to ensure it can be more successful.
“We’re taking a slow-motion, incremental approach,” he said.
“The challenge that we’re facing today is a very high degree of complexity, and the complexity is getting more and more pronounced every day.”
But I think the best thing we can do is take our time and make sure we have the right people in place, have the resources in place to get things done.
“There’s no question about it, we have to be better at our business.
That’s what we want to do.
We want to change the world.”
Iger said the company will be better able to attract and retain talent.
“What we have learned is that you need to have the talent to attract talent,” he added.
“And we are going to be hiring people and taking on a lot of those roles.”
So it’s not just that we have a great talent pool, we’re going to have a tremendous talent pool.
“The CEO was asked about rumours that Disney’s stock price had slumped and whether there is an opportunity for investors to get in early to buy shares.”
I don’t want to get ahead of what’s going on,” he replied.”
It’s very, very complicated.
We’re going through a very difficult period.
But I think we’re on the right track.
“But what I will say is, we want everyone to know that we are very much in the process of hiring.”